Given that the network now has close to 500 million users, and their average age is somewhere in the mid-40s, that group of university students who have grown up with Facebook haven’t been the most important segment for the company for a long time now — not to mention the fact that every year millions of younger users have adopted the network as a social hub, and continue to do so regardless of the public outcry over privacy.

This is a major problem – the people who made the service popular are unhappy and now are in the minority and being ignored. This is what happened to MySpace and they are doing just swell now aren’t they.